Volkswagen Gap Insurance
Buy 5* Rated Gap Insurance With A 30 Day Money Back Guarantee
Founded in 1934 and manufacturer of the "people's car", Volkswagen has built iconic vehicles from generation to generation. From the Golf to the Polo, the Passat to the up!, VW combines innovative technology with flexible production to deliver affordable cars for every use.
However, these engineering feats also need protecting. The Golf was ranked third among the most stolen cars in the UK in 2019 and if the worst was to happen, you could find yourself losing out financially. That’s because most insurers pay out in line with a car’s current value, rather than to match what you paid for it in the first place. But Guaranteed Asset Protection (GAP) insurance can provide you and your VW with the cover you need.
Why choose Direct Gap to protect your Volkswagen?
What is Volkswagen Gap Insurance?
Following a write-off, Volkswagen gap insurance covers any difference between your motor insurance settlement figure and the amount you paid for your vehicle, or any outstanding finance, depending on the policy you choose. Typically, the 'current market value' (the amount your insurer pays) is much lower than the vehicle's purchase or finance price, due to depreciation.
For further information, check out our detailed guide to gap insurance.
Get a Volkswagen Gap Insurance quote today.
How does Volkswagen Gap Insurance work?
If you buy a Volkswagen for £40,000, it will depreciate over the time that you own it. Let’s say that a few years later, your car is stolen or written off – but by this point, its value has dropped to £25,000.
Your motor insurer will pay out in line with that value, which means you’ve lost out by £15,000. With Volkswagen gap insurance, you are covered for that difference between its purchase price and its value when it was declared a total loss.
Get a Volkswagen Gap Insurance quote today.
Volkswagen Gap Insurance Reviews
We’re rated 4.9 out of 5 across Trustpilot, Feefo and Google, based on more than 14,000 reviews.
Additional cover for your Volkswagen
It’s not only Volkswagen Gap Insurance that we offer. We can also provide protection for specific elements of your pride and joy, such as the bodywork, tyres and wheels.
Volkswagen Gap Insurance Calculator
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Volkswagen: FAQs, Statistics & General Information
Volkswagen Depreciation
Like most car brands on the market, Volkswagens will lose value over time, typically depreciating between 15-35% in year one, to 50% within three years of ownership (usually, regardless of whether you buy new or used).
Try our free Car Depreciation Calculator for more information on model-specific depreciation and to estimate the value your Volkswagen could lose.
Gap Insurance Payout Examples
BMW 320 D
Our BMW gap insurance policy paid out £4,558 to a customer who initially bought their BMW 320D for £20,000. Following a total loss, their motor insurer offered a settlement figure of just £15,442; we covered the difference.
Ford Kuga
Our Ford gap insurance policy paid out £14,565 to a customer who initially bought their Ford Kuga for £36,168. Following a total loss, their motor insurer offered a settlement figure of just £22,053; we covered the difference.
Dacia Sandero Stepaway
Our customer wrote their Dacia Sandero Stepaway off and received a final settlement from their insurer of £15,390. This was much lower than their original purchase price of £18,644, following a 17% depreciation.
We paid the difference of £3,565 thanks to their Gap Insurance policy.
Audi Q2
Our customer bought their Audi Q2 for £30,245, which depreciated at a rate of 13%. When it was written off, their motor insurer paid a final settlement of £26,297.
With an Audi Gap Insurance policy, we covered the difference of £3,823.
What Types Of Gap Insurance Are Suitable For Volkswagen
There are three common types of GAP Insurance available for most cars, including Volkswagen. Which is most suitable typically depends on your finance type, car ownership status and individual cover needs.
The main types of Volkswagen Gap Insurance we provide are:
- Lease & Contract Hire Gap Insurance: Lease & Contract Hire Gap Insurance pays the difference between your motor insurance settlement figure and the amount outstanding on your lease finance balance. This policy is suitable for lease or 'PCH' cars only.
- Return To Invoice Gap Insurance: Return To Invoice, or 'RTI' as it's also known, pays the difference between your motor insurance settlement figure and the original invoice price of your vehicle.
- Vehicle Replacement: Vehicle Replacement Insurance, or 'VRI' covers the difference between your motor insurance settlement and the cost of replacing your vehicle.